CoreWeave CEO Intrator Halts His Share Sale Plan After Selling $794 Million of Stock

"Until there is a material change in in, in our equity pricing, my 10b5 has been sidelined," Intrator said on CNBC's "Squawk on the Street." He said any further sales would be "just normal tax stuff."

Intrator and his fellow co-founders have been criticised for selling stock while the share price struggled. Under the 10b5-1 plan he announced in November 2025, Intrator has sold 8.26 million shares at an average price of $96.14, or $794.2 million in total, according to CNBC. Even after rising 20% on Wednesday following the results, CoreWeave shares were down 18% for the year. Investors had pushed them down about 27% over the previous month.

That slide came as rising interest rates and the result of the November 3 midterm elections raised doubts about how easily AI infrastructure companies can raise money. Voters backed greater restrictions on data centres in 40 of 41 ballot measures across 10 states, according to Ballotpedia figures cited by CNBC. Democrats took both houses of Congress and won governors' races in Texas, Ohio and Georgia, all important states for AI infrastructure, with candidates who favour some limits on new data centres. In a post-election report, J.P. Morgan Asset Management said data centre projects from 2028 onward are "most exposed" to uncertainty over permitting, power and financing.

Intrator played down the risk on the earnings call late Tuesday. "We do not anticipate any impact from the seismic regulatory shift that's occurred," he said. "We believe that what has occurred is a statement around how you build. We want to build responsibly."

CoreWeave reported revenue growth of 168% from a year earlier. It said it still expects to have 1.85 gigawatts of active power by the end of 2026 and is now targeting full-year capital expenditure of $37 billion to $39 billion. That implies growth of 155% at the midpoint, against the $37.69 billion analysts polled by Visible Alpha had expected.